5622 1st Ave S, Seattle, WA 98108

NNN Retail · Seattle · Seattle-Bellevue metro, WA

Imagery suggests: convenience store. AI estimate from public imagery. In recent public imagery (2026-06), the building appears serviceable with visible wear. AI estimate from public imagery; may be outdated.

One of 1,026 reachable nnn retail buildings in Seattle. Larger than 30% of nnn retail buildings in Seattle (median 5,208 SF), derived from assessor records.

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Building size: 3,360 SF, King County Assessor
Lot size: 8,434 SF, King County Assessor
Year built: 1954, King County Assessor
Stories: 1, King County Assessor
Predominant use: Deli-Grocery Store, King County Assessor
Assessed value: $908,900, per the King County Assessor (not a market appraisal)
Assessed value per building SF: $270.51/SF, derived from assessor records
Lot coverage: 40%, derived from assessor records
Vintage: 1950s vintage
Zoning: MML U/85, King County
County use code: Conv Store without Gas
Construction (observed): masonry, AI estimate from public imagery
Parking (observed): surface lot, AI estimate from public imagery
Frontage (observed): mid block, AI estimate from public imagery

Nearby comparable buildings

Same building type, by distance. Assessor facts only; not an opinion of value.

5602 1st Ave S, Seattle · 0 mi · 3,698 SF · built 1932 · assessed $309.17/SF
5940 E Marginal Way S, Seattle · 0.2 mi · 1,194 SF · built 1963 · assessed $194.30/SF
5613 4th Ave S, Seattle · 0.2 mi · 3,200 SF · built 1949 · assessed $309.16/SF
5603 4th Ave S, Seattle · 0.2 mi · 1,125 SF · built 1949 · assessed $347.82/SF
511 S Mead St, Seattle · 0.2 mi · 467 SF · built 1993 · assessed $434.69/SF
607 S Fidalgo St, Seattle · 0.3 mi · 5,120 SF · built 1962 · assessed $329.75/SF

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Sale history and market context

MakeMe Estimate: $1,132,402 (estimated market value), with a likely range of $829,929 to $1,324,365 (half of recent verified sales in this segment landed inside that range). Based on 28 verified arm's-length comparable sales (through 2026-05-29). Not an appraisal. How this estimate works.

Last sold: 2006-01-01 for $436,765 (recorded arm's-length sale).

Current ownership dates to 2026 per recorded transfers.

2026-03-20: $2,650,000 from Leiendecker LLC to Olam 5622 1st Ave S & 128 S Orcas ST LLC (part of a 2-parcel sale; price is the whole deal), rec. 20260327000198

2006-01-02: transfer from Private party to Leiendecker LLC (non-market transfer), rec. 20060106000661

2006-01-01: $436,765 from Private party to Private party, rec. 20060106000660

2 administrative transfers (no consideration), 1997 to 2005

Source: King County recorded sales extract; buyer and seller shown only when a company or organization. Individual names are withheld.

Value over time

Solid line: county appraised value per King County tax rolls. Shaded range: our modeled estimate for each year, built from recorded arm's-length sales in the building's segment; years without enough sales stay unmodeled. Dots: recorded arm's-length sales. Not an appraisal. How this estimate works.

Land, site, and value history

Assessed value moved from $560,500 (2011) to $908,900 (2026), up 62% over 15 years, per county tax rolls. The 2026 roll splits $908,900 into $506,000 land and $402,900 improvements.

Zoning: MML U/85 (per King County)

Lot: 8,434 sq ft

Water: Water District (per King County)

Sewer: Public (per King County)

Access: Public

Floor and use mix: Convenience Market 3,360 SF (county building sections)

County districts report (schools, fire, sewer, council; on kingcounty.gov)